[SINGAPORE] Economists lowered the growth outlook for Singapore and Hong Kong in the second half of this year on increased uncertainties from US President Donald Trump imposing higher tariffs on China’s exports, according to the median of a Bloomberg survey. Singapore’s growth is likely to slow in the third and fourth quarters at 1.3 per cent and 1.6 per cent, the survey showed. In comparison, growth in the first two quarters is estimated at 4.1 per cent and 3.9 per cent – raised from 3.5 per cent for each period from the December survey. The annual outlook stayed the same at 2.6 per cent though analysts are warning of risks. “The full-year outlook faces considerable downside risks, especially from rising geopolitical tensions due to higher tariffs and elevated trade policy uncertainty under Trump 2.0,” said Han Teng Chua, senior economist at DBS Bank. Singapore and Hong Kong are among the most exposed to China’s economy via commodity and trade links. https://www.businesstimes.com.sg/international/singapore-hong-kong-face-growth-risks-over-us-tariff-war-china (ICE SINGAPORE)

Fonte notizia: The Business, 10 March 2025